secwatch.observer — SEC 8-K summary
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Issuer:     GEO GROUP INC (GEO)
CIK:        0000923796
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001193125-24-042879
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GEO Group FY2023 revenue $2.41B, net income $113.8M; Q4 revenue $608.3M
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- Full year 2023: revenues $2.41B (+1.3% YoY), net income $113.8M (down from $171.7M), Adjusted EBITDA $507.2M (down from $540.0M).
- Fourth quarter 2023: revenues $608.3M (down from $620.7M YoY), net income $31.8M (down from $41.5M), Adjusted EBITDA $129.0M (down from $145.5M).
- Reduced total net debt by ~$197M in FY23 to $1.78B; Q1 2024 guidance for revenues $600-610M and net income $22-24M.
- FY2024 guidance: revenues ~$2.4B, net income $110-125M, Adjusted EBITDA $485-515M, reflecting ICE budget uncertainty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/923796/000119312524042879/0001193125-24-042879-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/923796/000119312524042879/d791768d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-042879

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